Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
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Impact Fee?
Can anyone shed some light on what an Impact Fee is and a link to the nitty gritty details?
TYIA |
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#2
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Again, it is a one-time fee assessed to new construction to offset the cost of new infrastructure and expansion to infrastructure required due to that construction. In Sumter County all we have is a Road Impact Fee. Here is a link to the current Road Impact Fee Schedule. You can also do a Google search to find the 2019 study that this schedule is based on.
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#3
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Quote:
An impact fee is a fee that is imposed by a local government within the United States on a new or proposed development project to pay for all or a portion of the costs of providing public services to the new development. Impact fees are considered to be a charge on new development to help fund and pay for the construction or needed expansion of offsite capital improvements. These fees are usually implemented to help reduce the economic burden on local jurisdictions that are trying to deal with population growth within the area.Wikipedia
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